STEPN (GMT) Reclaims 54-Day Support Area After Deviation

STEPN (GMT) Reclaims 54-Day Support Area After Deviation
фото показано с : beincrypto.com

2022-7-6 17:00

STEPN (GMT) has broken out from a short- and a long-term resistance line and is gradually moving towards its range high.

GMT had been falling underneath a descending resistance line since May 13. The downward movement led to a low of $0.53 on June 13. Initially, this caused a breakdown from the $0.84 horizontal support area. 

However, the price has been increasing since and broke out from the descending resistance line on June 20 and reclaimed the $0.84 area shortly afterwards. This renders the previous breakdown as only a deviation (green circle). All-in-all, the support area has been in place for nearly 54 days.

If the upward movement continues, the closest resistance area would be at $1.34.

GMT/USDT Chart By TradingView Short-term movement

Cryptocurrency trader @Celtralt tweeted a chart of GMT, which shows that the price has bounced at a horizontal support area.

Source: Twitter

Since the tweet, the price has also broken out from a short-term descending resistance line. It is currently attempting to move above the 0.618 Fib retracement resistance level. It made an unsuccessful attempt at doing so on June 5 and is now gearing up for another attempt.

If successful in doing so, the price would be expected to increase towards the $1.34 resistance area. 

GMT/USDT Chart By TradingView GMT wave count analysis

The most likely wave count suggests that the price is in the C wave of an A-B-C corrective structure (black). Giving waves A:C a 1:1 ratio would lead to a high of $1.34. There is a clear five sub-wave upward movement (red) that completed wave A.

If waves A:C have a 1:1 ratio, this would lead to a high of $1.34, taking the price all the way to the main horizontal resistance area.

GMT/USDT Chart By TradingView

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post STEPN (GMT) Reclaims 54-Day Support Area After Deviation appeared first on BeInCrypto.

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gmt stepn deviation area support reclaims 54-day

Источник: beincrypto.com

gmt stepn → Результатов: 42


STEPN к новым вершинам? Цена GMT рисует первый “бычий флаг” к цели в 5$

GMT переживает бум на фоне предупреждений о том, что его рост цен на 38 000% с момента создания может оказаться “абсолютной шуткой”. STEPN (GMT) сильно вырос против доллара США на этой неделе, поскольку, похоже, он сформирует классическую бычью техническую модель, называемую “бычий флаг”.

2022-4-22 10:22


Почему выросла цена токена проекта STEPN?

Венчурное подразделение Binance объявило о стратегических инвестициях в Move-to-Earn приложение STEPN от Find Satoshi Lab. Токен управления проекта (GMT) отреагировал ростом. Финансовые детали сделки в Binance Labs не раскрыли.

2022-4-7 16:56


Токен проекта STEPN вырос на 20% после объявления об инвестициях Binance Labs

Венчурное подразделение Binance объявило о стратегических инвестициях в Move-to-Earn приложение STEPN от Find Satoshi Lab. Токен управления проекта (GMT) отреагировал ростом. What a big day.

2022-4-7 14:43


Биржа Binance запускает токенсейл STEPN — Green Metaverse Token в формате подписки

Крупнейшая криптовалютная биржа Binance объявила об очередном, 28 по счету токенсейле (IEO) на своей площадке Binance Launchpad. На сей раз выбор пал на проект STEPN — Green Metaverse Token (GMT).

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